The Colleges of Worcester Consortium, whose 12 members include a community college, four-year private and public institutions and a medical school, is reassessing how those members fund the institution and the services it provides.

“We’re looking at everything,” said Anna Maria College President Jack P. Calareso.

“What we have been talking about is the programs and services that the 12 colleges participate in ... and we’ve tried to assess those programs,” said Mr. Calareso, the consortium’s chairman.

The member presidents are considering whether the programs offered are a good fit and are also taking a look “from a fiscal responsibility point of view.”

Member institutions pay dues based on their college’s enrollment, number of employees and operating budgets. The formula is “somewhat complicated” and is under review, too, Mr. Calareso said.

In return for the dues, members get cross-registration opportunities for their students, shuttle buses among Worcester colleges, joint purchasing opportunities, and professional development for staff, although occasionally that last item also requires a registration fee.

According to tax returns on file with the state, the consortium’s operating budget for the fiscal year that ended June 30, 2011 (the most recent available) was approximately $4 million.

The consortium members are Assumption College, Clark University, the College of the Holy Cross, MCPHS University, Quinsigamond Community College, the University of Massachusetts Medical School, Worcester Polytechnic Institute and Worcester State University in Worcester; Becker College in Worcester and Leicester; Anna Maria in Paxton; Nichols College in Dudley and Tufts University’s Cummings School of Veterinary Medicine in Grafton.

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